Realfxm Forex Broker

RealFXM Forex Broker - Complete Information Guide

1. Broker Overview

　　RealFXM, established in 2018, operates as a foreign exchange broker based in the United Kingdom. The company's headquarters is located at CBC House, 24 Canning St, Edinburgh EH3 8EG, United Kingdom. RealFXM is a private entity that caters primarily to retail traders and institutional clients. The broker's services are designed to meet the needs of various trading levels, including beginners and experienced traders.

　　Over the years, RealFXM has aimed to build a reputation in the forex trading community by offering competitive trading conditions and a variety of financial instruments. The broker operates on a straight-through processing (STP) model, which allows for direct order execution without dealing desk intervention. This model is designed to provide clients with faster execution speeds and greater transparency. The RealFXM broker is known for its commitment to providing an accessible trading environment, which includes features such as negative balance protection and segregated accounts for client funds.

　　As part of its growth strategy, RealFXM has introduced various account types and trading tools to enhance the trading experience. The broker continues to evolve, aiming to expand its offerings and improve its services, ensuring that it meets the demands of the ever-changing forex market.

2. Regulation and Compliance Information

　　RealFXM is regulated by the Financial Services Authority (FSA) of the United Kingdom. However, it is important to note that the broker has received a relatively low score in terms of regulatory compliance, primarily due to its lack of oversight from more prestigious regulatory bodies such as the FCA (Financial Conduct Authority).

• Regulatory Number: Not specified in the available sources.
• License Validity and Scope: The specifics regarding the validity and scope of the license are not clearly outlined in the available information.
• Legal Entities in Different Regions: The broker operates under the name RealFXM Ltd. in the UK and does not appear to have additional licensed entities in other jurisdictions.
• Client Fund Segregation Policy: RealFXM claims to maintain segregated accounts for client funds, which is a standard practice intended to protect clients' investments.
• Investor Compensation Fund Participation: There is no indication that RealFXM is part of any investor compensation scheme, which raises concerns about the safety of client funds in case of broker insolvency.
• KYC and AML Compliance Measures: The broker implements standard Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures, although detailed information on these practices is not provided in the sources.

　　The regulatory status of RealFXM emphasizes the importance of conducting thorough research before engaging with any trading platform. Clients should be aware of the risks associated with trading with brokers that lack robust regulatory oversight.

3. Trading Products and Services

　　RealFXM offers a diverse range of trading products, catering to various trading preferences and strategies. The broker provides access to over 40 forex currency pairs, including major pairs such as EUR/USD, GBP/USD, and USD/JPY. Additionally, RealFXM offers a selection of CFDs (Contracts for Difference) across several asset classes, including:

• Indices: Major global indices such as the FTSE 100 and S&P 500.
• Commodities: Trading options include soft commodities like coffee and sugar, as well as energy commodities like crude oil.
• Stocks: Clients can trade shares from various international markets.
• Cryptocurrencies: The broker provides access to several popular cryptocurrencies, enhancing its product offerings.

　　RealFXM is committed to updating its product range regularly, ensuring that traders have access to the latest market opportunities. The broker also offers retail trading services, allowing individual traders to engage in the forex market effectively. While specific details regarding institutional services or white-label solutions are not provided, the broker's focus on retail clients is evident.

4. Trading Platforms and Technology

　　RealFXM supports the MetaTrader 5 (MT5) trading platform, which is widely regarded in the trading community for its robust features and user-friendly interface. The platform is available in both web and mobile versions, allowing traders to access their accounts from any device.

　　Key features of the trading platform include:

• Customizable Interface: Traders can personalize their workspace according to their preferences.
• Advanced Charting Tools: The platform provides comprehensive charting capabilities, enabling traders to analyze market trends effectively.
• Automated Trading: RealFXM supports the use of Expert Advisors (EAs) for automated trading strategies, enhancing the trading experience.
• Market Depth: Clients can view the market depth, providing insights into liquidity and price movements.

　　In terms of execution, RealFXM operates on an STP model, which ensures that client orders are executed directly in the market without any dealer intervention. This model is designed to minimize slippage and improve order execution speed. The broker's servers are strategically located to ensure optimal performance and reliability.

　　API access for algorithmic trading is also supported, allowing traders to develop and implement their own trading strategies.

5. Account Types and Trading Conditions

　　RealFXM offers several account types to cater to different trading needs. The minimum deposit required to open an account is $200, which is relatively accessible for new traders. The broker provides the following account types:

• Standard Account: Requires a minimum deposit of $200, offering standard spreads and leverage of up to 1:200.
• Premium Account: Requires a deposit of $2,000, providing premium spreads and leverage up to 1:400.
• Pro Account: Requires a minimum deposit of $5,000, offering the most competitive trading conditions, including lower spreads and higher leverage.

　　All accounts come with features such as fixed spreads, economic calendars, and access to trading tools. However, specific details regarding the spreads and commissions for each account type are not disclosed.

　　RealFXM also offers a free demo account for traders to practice their strategies without any financial risk. The demo account allows users to experience the trading platform and familiarize themselves with market conditions.

　　Leverage options vary depending on the account type, with higher leverage available for premium and pro accounts. The minimum trade size across all accounts starts from 0.01 lots (micro lot), allowing traders to manage their positions effectively. Information regarding overnight fees (swap rates) is not explicitly provided.

6. Fund Management

　　RealFXM supports a variety of deposit methods to facilitate seamless fund management. Clients can deposit funds using the following methods:

• Bank Wire Transfer
• Credit/Debit Cards (Visa, MasterCard)
• E-wallets (Skrill, Neteller)

　　The minimum deposit requirement is $200 for the standard account. The processing time for deposits is generally swift, although it may take a few hours for the funds to reflect in the trading account due to verification processes.

　　Withdrawal options mirror the deposit methods, allowing clients to withdraw funds via bank wire, credit/debit cards, and e-wallets. However, there is a $20 withdrawal fee for bank wire transfers, which may vary depending on the country of the client. The processing time for withdrawals is not explicitly stated, but RealFXM aims to process requests within 48 hours.

　　While there are no specified fees for other withdrawal methods, clients should verify any potential charges with their payment providers.

7. Customer Support and Educational Resources

　　RealFXM provides customer support through multiple channels, ensuring that clients can easily reach out for assistance. Support options include:

• Phone: +44 1316189330
• Email: support@realfxm.com
• Online Chat: Available on the broker's website
• Social Media: Active presence on platforms like Facebook and Twitter

　　Customer service is available 24 hours a day, five days a week, although support is not provided on weekends. The broker primarily offers support in English.

　　In terms of educational resources, RealFXM has a limited offering. While there is a section for market analysis, it appears that the educational materials such as tutorials and webinars are not extensively developed. Traders seeking in-depth educational content may find this aspect lacking.

8. Regional Coverage and Restrictions

　　RealFXM primarily serves clients in the United Kingdom and other regions, although specific details regarding its market reach are not clearly defined. The broker does not appear to have a significant presence in regions with stringent regulatory requirements.

　　While the broker accepts clients from various countries, it is essential for potential clients to verify their eligibility before opening an account. Certain jurisdictions may have restrictions on forex trading, and clients are advised to contact customer support for clarification.

　　In conclusion, RealFXM offers a range of trading services and products, but potential clients should be cautious due to the broker's regulatory status and lack of comprehensive educational resources. It is advisable to conduct thorough research and consider multiple options before engaging with any trading platform.